Our group hopes to explore the domain of cryptocurrency/blockchain. Cryptocurrency is a form of payment that can be exchanged online for goods and services. Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions.
We aim to answer several questions with our dataset but our main goal is to see what information can the growth of prices in cryptocurrency tell us.
To achive this we will attempt to answer these following questions:
In order to see the variability of market prices of different cryptocurrencies throughout 2020 which showcased some of the extremes in prices.
| Name | Average Change in Daily Price ($) | Highest Price ($) | Lowest Price ($) | Change in Market Cap ($) | Average Volume (Daily Transacted Amount in $) |
|---|---|---|---|---|---|
| Aave | 0.39089 | 96.07 | 25.97 | 18116687.6 | 184683784 |
| Binance Coin | 0.06150 | 39.48 | 6.96 | 102976611.3 | 354778182 |
| Bitcoin | 59.59088 | 29244.88 | 4106.98 | 3881433914.4 | 33023274286 |
| Cardano | 0.00040 | 0.20 | 0.02 | 18322098.8 | 449771466 |
| Chainlink | 0.02528 | 19.85 | 1.51 | 22923807.8 | 885486082 |
| Cosmos | 0.00599 | 8.86 | 1.13 | 54983387.2 | 220027564 |
| Dogecoin | 0.00001 | 0.01 | 0.00 | 2914017.9 | 132282159 |
| EOS | 0.00010 | 5.48 | 1.46 | 127350028.9 | 2767708428 |
| Ethereum | 1.64354 | 754.30 | 95.18 | 368554166.8 | 14245276813 |
| IOTA | 0.00038 | 0.44 | 0.08 | 7288216.5 | 17020303 |
| Litecoin | 0.22389 | 138.32 | 25.57 | 139675002.8 | 3712350145 |
| Monero | 0.30440 | 170.61 | 26.70 | 42.6 | 561974205 |
| Polkadot | 0.04674 | 9.43 | 2.73 | 0.0 | 623268186 |
| Tether | 0.00005 | 1.08 | 0.90 | -7103576.9 | 44514815113 |
| USD Coin | 0.00006 | 1.08 | 0.93 | -464298.6 | 543851469 |
| XRP | 0.00005 | 0.77 | 0.12 | 200426028.6 | 3355883842 |
| Something we ca | n take away from this is the extreme | varibalilty of pric | es of crytptocurren | cy for ethereum there was a | drastic difference between the highest price and the lowest price spanning over 700 dollars. We can also see that companies like Dogecoin had extremly low prices with its highest price being .01 cents. |